Property Details for 206/8 Porter St, Prahran
206/8 Porter St, Prahran is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in November 2023.
Last Listing description (November 2023)
Attention investors! Here lies a golden opportunity to secure a prime piece of real estate in the bustling heart of Prahran with potential rental of $300/week! This modern student accommodation unit, strategically located just a 3-minute walk from esteemed institutions like Swinburne Prahran/Melbourne Polytechnic, promises a steady rental yield and high demand. It's also worth noting that this unit presents a perfect opportunity for parents to invest in their child's upcoming academic year.
The unit's proximity to the Prahran train station ensures seamless connectivity to the city, making it a top choice for students. And with the iconic Chapel Street right behind the complex, future tenants will be spoilt for choice with the best of fashion, dining, and entertainment at their fingertips.
The unit itself is a blend of style and functionality. Full-height glass sliding doors open up to a private balcony, offering a slice of tranquility in the urban jungle. The bedroom, spacious enough for a double bed, promises comfort, while the separate living and study area is perfect for focused academic pursuits. A modern kitchen with gas cooking and a chic bathroom elevate the living experience.
Connectivity is a breeze with BigAir Wi-Fi broadband access available at a student discount rate, ensuring tenants remain plugged in without the hassle of contracts or phone lines. The complex prioritizes safety with an intercom security entrance and offers lift access for convenience. An onsite communal laundry and the option for tenants to rent secure basement car parking at discounted rates add to the unit's appeal.
As an investor, you'll appreciate the low maintenance features and the high demand this unit will attract from the student community. It's not just a property; it's a strategic investment in a lifestyle hub. Capitalize on this opportunity to diversify your portfolio and secure a steady stream of rental income.
Act now and invest in Prahran's future! Call to secure a private viewing.
NOTE - Images of actual apartment and include styled and staged furniture for advertising purposes.
Property History for 206/8 Porter St, Prahran, VIC 3181
- 07 Nov 2023Sold for $125,000
- 30 Oct 2023Listed for Sale UNDER OFFER
- 25 Nov 2020Listed for Rent $170 / week
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About Prahran 3181
The size of Prahran is approximately 1.9 square kilometres. It has 8 parks covering nearly 6.3% of total area. The population of Prahran in 2011 was 11,191 people. By 2016 the population was 12,985 showing a population growth of 16.0% in the area during that time. The predominant age group in Prahran is 20-29 years. Households in Prahran are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prahran work in a professional occupation. In 2011, 42.7% of the homes in Prahran were owner-occupied compared with 39.3% in 2016.
Prahran has 10,554 properties. Over the last 5 years, Houses in Prahran have seen a 10.60% increase in median value, while Units have seen a 5.10% increase. As at 31 October 2024:
- The median value for Houses in Prahran is $1,718,651 while the median value for Units is $555,773.
- Houses have a median rent of $760 while Units have a median rent of $525.
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